by Moe Bedard
It looks like our president is more worried about saving his boys on Wall Street, like the $35 million dollar bail out of Bear Stearns , then helping millions of suffering homeowners who are losing their homes.
AP:
The White House says President Bush would veto a foreclosure rescue the Senate began debating Thursday.
Administration officials object to [...]
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by Moe Bedard
NEW YORK (CNNMoney.com) — A proposal to bail out subprime mortgage borrowers who are at risk of foreclosure was floated at a Senate Banking Committee hearing Thursday.
Senator Chris Dodd, the committee chair, said he is working to create a Home Ownership Preservation Corporation, which would purchase mortgage securities that are backed by at-risk, subprime loans [...]
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